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Imperial Provides Update on Red Chris 2024 Production and Production Guidance for 2025
Imperial Metals Corporation has provided an update on the Red Chris mine's 2024 production and guidance for 2025. In 2024, the mine produced 85.3 million pounds of copper and 59,811 ounces of gold, surpassing 2023 levels due to higher grades and recoveries. The company met its 2024 guidance of 85 million pounds of copper and 57,000 ounces of gold.
For 2025, Imperial expects increased production at Red Chris, with copper at 88 million pounds and gold at 86,000 ounces, driven by higher-grade ore mining. Mount Polley's targets for 2025 are 25.0–27.0 million pounds of copper and 35,000–40,000 ounces of gold, reflecting a lower copper target but the same gold target as 2024.
The Red Chris feasibility study is progressing, with underground development work underway. Brian Kynoch, Imperial's President, has reviewed the production data and is designated as the Qualified Person under NI 43-101.
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